Wärtsilä Reorganizes Into Marine and Energy Units

Finnish based technology group Wärtsilä announced plans to
reorganize into two business areas, Wärtsilä Marine Business and
Wärtsilä Energy Business, covering both new sales and services
for the respective markets.

The new organizational structure will be operational as of
January 1, 2019.

Jaakko Eskola, President & CEO, said, "Developing stronger
partnerships with our customers and providing them with greater
value is essential for reaching our long-term target of
profitable growth. I am confident that this change will ensure
more rapid development of innovative solutions and services and a
superior customer experience; thereby further strengthening our
position as a global leader in lifecycle solutions for the marine
and energy markets."

Roger Holm, currently President of Marine Solutions, will lead
Wärtsilä Marine Business and Wärtsilä Energy Business will be
headed by President of Energy Solutions Marco Wirén. Pierpaolo
Barbone, President of Services, EVP and Deputy to the CEO, will
pursue opportunities outside Wärtsilä at the end of the year.

Wärtsilä Marine Business will have approximately 13,100 employees
and Wärtsilä Energy Business 5,500 employees. Restated net sales
for the 12 months ended June 30, 2018 amounted to EUR 2.7 billion
in Wärtsilä Marine Business and EUR 2.2 billion in Wärtsilä
Energy Business. Wärtsilä will report according to the new
organizational structure as of the first quarter of 2019.
Adjusted comparison figures will be provided prior to the
publication of the interim report for January-March 2019.